Swmg LLC Has $605,000 Position in The Sherwin-Williams Company (NYSE:SHW)

Swmg LLC lessened its position in The Sherwin-Williams Company (NYSE:SHW) by 9.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,824 shares of the specialty chemicals company’s stock after selling 187 shares during the quarter. Swmg LLC’s holdings in Sherwin-Williams were worth $605,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of SHW. Coppell Advisory Solutions LLC grew its position in Sherwin-Williams by 2.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company’s stock valued at $388,000 after purchasing an additional 30 shares in the last quarter. Opal Wealth Advisors LLC grew its holdings in shares of Sherwin-Williams by 4.2% in the 1st quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company’s stock valued at $276,000 after acquiring an additional 32 shares in the last quarter. Ashton Thomas Securities LLC grew its holdings in shares of Sherwin-Williams by 1.5% in the 4th quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company’s stock valued at $757,000 after acquiring an additional 34 shares in the last quarter. Avantax Planning Partners Inc. increased its position in shares of Sherwin-Williams by 2.4% in the fourth quarter. Avantax Planning Partners Inc. now owns 1,515 shares of the specialty chemicals company’s stock valued at $515,000 after acquiring an additional 35 shares during the last quarter. Finally, Zhang Financial LLC raised its holdings in Sherwin-Williams by 2.2% during the first quarter. Zhang Financial LLC now owns 1,696 shares of the specialty chemicals company’s stock worth $592,000 after acquiring an additional 36 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $355.14 on Wednesday. The firm has a market cap of $89.00 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 3.09 and a beta of 1.18. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45. The stock’s fifty day moving average price is $350.09 and its two-hundred day moving average price is $348.06. The Sherwin-Williams Company has a one year low of $292.33 and a one year high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.02. The business had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. Sherwin-Williams’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.17 earnings per share. As a group, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.89%. The ex-dividend date was Friday, May 16th. Sherwin-Williams’s payout ratio is presently 29.87%.

Analyst Upgrades and Downgrades

SHW has been the subject of a number of recent analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Wells Fargo & Company raised Sherwin-Williams from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. Royal Bank Of Canada lifted their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Morgan Stanley reduced their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Finally, Barclays decreased their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $391.31.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.